But the triangle is now complete with blue 4 and blue 5 as of today. So now this same model says it's time for the reversal on the Russell to begin. Time will tell but I like my odds on holding JNUG and UVXY.
Tuesday, December 9, 2014
My Russell 2000 model was correct.
In this post I modeled the Russell 2000 as putting in a 4th wave triangle. I assumed that if one index was up they would all be up and I do think the moves up in the Russell and in the $COMPX today kept the DJIA selling in check.
But the triangle is now complete with blue 4 and blue 5 as of today. So now this same model says it's time for the reversal on the Russell to begin. Time will tell but I like my odds on holding JNUG and UVXY.
But the triangle is now complete with blue 4 and blue 5 as of today. So now this same model says it's time for the reversal on the Russell to begin. Time will tell but I like my odds on holding JNUG and UVXY.
Captain,
ReplyDeleteNice TA. Great call on RUT. Have been working with TZA and appreciate the update.
Happy holidays.
Digger